SPECIAL FOCUS: New Banks on the Block
 
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    Telkom has confirmed it is in talks to buy network operator Cell C.

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Companies

Absa plans China office in Asia investment banking expansion

Oct 11 2019 11:17

Absa’s corporate and investment banking unit plans to open an office in China as part of an expansion that will also target other parts of Asia and the Middle East.

Banks

Absa receives Fed go-ahead to set up New York representative office

Oct 07 2019 16:44

Absa says the establishment of a representative office would mean it has an independent presence in the US following its separation from Barclays.

Banks

Govt plans for Postbank are 'backward', belong in Thatcher era - union

Sep 27 2019 11:33

Communication Workers Union secretary general Aubrey Tshabalala says a proposal to realign Postbank’s shareholding to National Treasury was at odds with best practice globally.

Banks

Warning: Criminals are impersonating SA CEOs and other execs to steal money

Sep 25 2019 09:30

Criminals impersonate senior managers and send email requests to junior staff in the accounting or finance function requesting that an urgent payment be made to a specific beneficiary.

Banks

Future of Postbank still in the balance after Barnes resignation

Sep 03 2019 22:01

Minister of Communications Stella Ndabeni-Abrahams has said that differences in determining the fate of Postbank were behind the decision of Mark Barnes to resign as CEO of the South African Post Office, and that talks are still underway to determine a path forward.

Banks

Mboweni to EFF: Treasury has no evidence of rand manipulation by banks

Aug 09 2019 11:27

Minister of Finance Tito Mboweni has told Members of Parliament belonging to the Economic Freedom Fighters that neither National Treasury nor the South African Reserve Bank had evidence of currency manipulation by South Africa’s banks and, therefore, did not investigate it.

Banks

JPMorgan, UBS among five banks facing $1bn FX-rigging suit

Jul 29 2019 13:10

The lawsuit centers on collusion on foreign-exchange trading strategies, for which the European Commission fined Barclays, RBS, Citigroup, JPMorgan and Mitsubishi UFJ Financial Group, a total of €1.07bn in May.

Banks

Old Mutual: Moyo can’t be reinstated, company will be 'ultimate loser'

Jul 19 2019 16:33

Advocate Hamilton Maenetje the loss of confidence in former CEO Peter Moyo came from how he handled a conflict of interest and as oppose to his position in both Old Mutual and NMT Capital, which he had declared.

Inside Fin24.com

 
Banks

Sunday Read: Passwords, malware and why banks aren't the bad guys

Apr 21 2019 09:38

South African Banking Risk Information Centre CEO Kalyani Pillay says she has led an agile and growing organisation that assists banks through a unique model to improve security.

Company Snapshot

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